Construction sites are, by nature, high-risk areas. Developers and contractors are faced with a myriad of risks that can financially cripple a project – and, possibly, one or more of the companies involved. When problems do arise, they can bring negative knock-on effects and additional liabilities.
Sub-contracting of various specialised works can create other contractual problems, liability claims and court proceedings. We will help you conduct contract reviews and ensure that the insurance we arrange is effective.
What is constructors all risk insurance?
It’s called ‘all risk’ because that’s what it intends to cover. Policies are worded to provide peace of mind around the enormous risks construction companies face. Construction all risks insurance covers against loss or damage to the contract works caused by:
